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SINA Corporation (SINA): Today's Featured Internet Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

SINA Corporation (
SINA) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day down 0.3%. By the end of trading, SINA Corporation rose $1.87 (2.2%) to $86.79 on average volume. Throughout the day, 2,941,253 shares of SINA Corporation exchanged hands as compared to its average daily volume of 2,420,300 shares. The stock ranged in a price between $83.86-$87.37 after having opened the day at $84.08 as compared to the previous trading day's close of $84.92. Other companies within the Internet industry that increased today were:
eLong (
LONG), up 20.5%,
ChinaCache International Holdings (
CCIH), up 8.3%,
Vipshop Holdings (
VIPS), up 8.1% and
Renren (
RENN), up 7.7%.

SINA Corporation, through its subsidiaries, operates as an online media company in the People's Republic of China. SINA Corporation has a market cap of $5.3 billion and is part of the technology sector. Shares are up 58.1% year to date as of the close of trading on Tuesday. Currently there are 9 analysts that rate SINA Corporation a buy, 1 analyst rates it a sell, and 1 rates it a hold.

TheStreet Ratings rates SINA Corporation as a
hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive.